vil i Income statements a in A B 1 iog 2 Weinstein, Inc. Comparative Income Statements For the Years Ended December 31, 2020 and 2019 (amounts in thousands) 19 3 4 5 2020 2019 19 6 Sales revenues $ 449,990 $ 441,010 226,000 7 Less: Cost of goods sold 234,000 19 8 Gross profit $ 215,990$ 215,010 135,000 140,000 9 Less: Operating expenses 10 Operating income $ 75,990$ 80,010 2019 10,200 12,600 11 Less: Interest expense 12 Income before income taxes $ 65,790 $ 67,410 2019 13 Less: Income tax expense 6,690 20,310 $ 47,100 14 Net Income 59,100 $ 2019 Print Done tion. 0 Balance sheets A B D Weinstein, Inc. Comparative Balance Sheets N 3 December 31, 2020 and 2019 (amounts in thousands) 5 2020 2019 2018" 6 6 Assets 7 Current assets: 8 Cash $ 97,000 $ 98,000 9 Accounts receivable 123,500 158,500 $ 120,000 10 Inventory 133,000 127,000 $ 155,500 11 Prepaid expenses 10,500 7,500 12 Total current assets $ 364,000 $ 391,000 13 Property, plant, and equipment, net 206,000 177,000 14 Total assets $ 570,000 $ 568,000 15 Liabilities 16 Current liabilities $ 208,000 $ 230,000 138,000 118,000 17 Long-term liabilities 18 Total liabilities $ 346,000 $ 348,000 19 Stockholders' equity 20 Preferred stock, 7% 21 Total common stockholders' equity $ 90,000 $ 90,000 134,000 130,000 $ 110,000 $ 224,000 $ 220,000 22 Total stockholders' equity 23 24 Total liabilities and equity $ 570,000 $ 568,000 25 Selected 2018 amounts 1. Market price of Weinstein's common stock: $50.60 at December 31, 2020, and $33.49 at December 31, 2019 2. Common shares outstanding: 12,000,000 during 2020 and 12,000,000 during 2019 3. All sales are credit sales Read the requirements LULU LUTO a. Current ratio 2020 2019 b. Times-interest-earned ratio 2020 2019 C. Inventory turnover 2020 2019 d. Operating income percentage 2020 2019 e. Return on common stockholders' equity 2020 2019 f. Earnings per share of common stock 2020 2019 g. Pricelearnings ratio Requirement 2. Decide (a) whether Weinstein's ability to pay debts and to sell inventory improved or deteriorated during 2020 and (b) whether the a. Weinstein's ability to pay its debts and to sell inventory during 2020, b. The investment attractiveness of Weinstein's common stock appears to have